Greek debt crisis Greek Pensioners debt

Greek debt crisis: Pensioners escorted by police into banks after country defaults on IMF repayment.

 Greek pensioners have been escorted by police into banks as the country stares down the road to an exit from the eurozone after defaulting on its International Monetary Fund (IMF) loan.

The country missed its 1.5 billion euro repayment on Tuesday, but has requested a new bailout package from creditors.

Athens is set to put new proposals for a two-year loan agreement and a debt rescheduling to eurozone ministers at a meeting to be held at 3:30pm Wednesday (GMT).

On Wednesday pensioners lined up at banks across the country. They are only allowed in a few at a time, and are permitted to withdraw just 120 euros.

ATMS are still only dispensing 60 euros to rest of the population.

Outside the National Bank in central Athens, the line was 20 deep as people waited for their opportunity to get some cash.

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